What is Pig Butchering Scam?
Pig butchering scams are a cousin of older-style online romance scams, which often have smaller-scale losses. While pig butchering sometimes uses romance as a tactic, scammers can also build other types of personal or professional relationships over time in order to convince their targets to invest more money.
Pig Butchering Scam can also be described as a romantic scam. Scammers use false online identities to gain the affection and trust of their victims and then use the illusion of intimacy to ask for money, induce victims to invest or use their personal information for other theft and fraud schemes.
Scammers are found on most dating and social media sites. They will spend weeks communicating with you every day, acting like your best friend.
Then at some point they will start talking about how they have made lots of money trading forex or cryptocurrencies and state that they have people who guide them. The scammers usually also have demo accounts where they will send you fake trading data, screenshots of their earnings to make you think they are really making big money. Then they will ask you to open an account, make a deposit and make money with them.
When you want to withdraw your money, the initial small withdrawal may be smooth; but once you apply for a large withdrawal, it will be difficult. Scammers will hinder your withdrawal in various ways, such as asking you to prepay a certain percentage of taxes, deposits, anti-money laundering fees, etc. This is all part of the scam. When they have scammed you out of your money, they will disappear. The whole scam process is scripted, which is Pig Butchering Scam. And the scammers are usually hard to verify because of their hidden movements.
How to avoid Pig Butchering Scam?
1️⃣ Do not send money to anyone you have contacted only through the Internet or by phone.
2️⃣ Be careful of the personal information you post online. Scammers are likely to get to know and target you better through the details you make public on social media and dating sites.
3️⃣ Be wary of any investment opportunity that promises high returns with little risk. These are likely scams. “If something seems too good to be true, it probably is”.
Scammed? What to do!
1️⃣ Collect evidence by taking screen shots of all trades, messages and communications, money transfer addresses, their websites, etc.
2️⃣ If you used a bank card to make a payment to a scammer, contact your bank immediately. Tell them that you used this card to make a payment to the scammer and ask if they can refund your money trough a Chargeback process.
3️⃣ You can report the company/person who scammed you by contacting us. We will make a review and expose the crooks. May warn potential victims.
⚠️ Reminder: If you deposited your funds on a platform and they ask you to pay a “fee” or “tax” in order to withdraw your funds do not pay anything! It’s a trick to steal more funds from you.
14 thoughts on “Pig Butchering Scam(Romance Scam): What is a Pig Butchering Scam? What should you do if you’ve been scammed?”
So I did in fact get scammed. Thank you for this info on what I need to do hoping to get my money back an recover what I can before Christmas.
Yes i can relate and they are really smart ! The websites look real and they bait u in doing small trades making crazy money then say you caint trade unless you have a minimun of $100k caint you borrow that?? Have yall hesrd of ISE crypto digital trading platform? Suppoedly stands for International Secutities Exchange a division of NASDAQ claims the scsmmers. They took me for $67,000 whrn i tried to take it out they claimed i hsdnt traded enough yet. Id like to catch these crooks sndvput them behind bars ! Ive been documenting everything i can. Any help out there?
Buen día qué referencia tendrán de Apextradingfunds
what can you tell me about Rivobanc? I thought it was part of Tesler..
Con la presente ti contatto per chiedere aiuto a un truffatore che mi consenta di affrontare i miei grandi errori più di due volte.
Al momento: ho bisogno del vostro aiuto e vi invio i documenti ricevuti per i versamenti.
Di fronte a questa situazione, non ho altra scelta che cercare la tua gentilezza per ottenere un aiuto truffa che mi impedirà di cadere nel cerchio.
In attesa della vostra risposta e rimanendo a vostra disposizione per qualsiasi richiesta di ulteriori informazioni, vi prego di accettare, (Signora, Signore) (Indexvolver e de Dux holding group limeted), l’espressione con i miei migliori sentimenti.
CaTrade Capital-is it a scam company?
Yes, ABSOLUTELY YES. CA Trade Capital is a SCAM
The MetaTrader 5 App is a fake app used by serial scammers to pig-butcher you. If a broker or someone on-line asks you to invest in cryptocurrency using this fake app, run the other way immediately and report them to the FBI and authorities. This is an intricate scam to steal your money!
Bitby.cc is a scam clone of bitby.com. dont be fooled.
Big losses here. So stupid!!!!!!Swapped out my entire retirement account to do this. Perfect presentation. Fell for it hook,line and sinker
Coinsbitc just did this to me. Exactly! Anti money laundering fees. Demanded 10,000 to get my
20,000 out. Yes the small deposits went and the big one didn’t. Same fake account with money in it. Is there any hope of getting it back?
i got scammed by (GLOBITFX :LAURA HANDEL.
i paid 800 euro and stil i have nothing from them and stil they ask me to send more fees.
Is BTCEXEP.com legitamate?
Bitspionex.net es estafa?